According to foreign media Singapore January 2 news, the first half of 2018 or polymethyl methacrylate spot market in Asia or reversal trend to follow the raw materials, methyl methacrylate (MMA) costs decline.
Since the beginning of 2017, spot prices of PMMA in Southeast Asia and China have been rising continuously since the beginning of 2017 due to the stimulation of the upstream MMA market price.
Data show that PMMA prices in Asia from the beginning of 2017 at 2075 US dollars / ton (CFR South East Asia) rose to December 21 at 2850 US dollars / ton (CFR South East Asia), or about 37%.
Meanwhile, spot import prices of China PMMA rose 40% to US $ 2,840 / tonne (CFR China) as of December 21 from the price of US $ 2,025 / tonne (CFR China) in January 2017, according to the data.
However, market participants said that in the new year, spot prices of Asian PMMA may drop, probably due to the MMA market began to weaken and PMMA supply increased.